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To: limtex who wrote (72603)	2/27/2001 6:14:08 PM
From: LLCF	Respond to of 436258

<And by the way if it was getting out of had, why was it allowed to get out of hand and who did it? Surely not the day-traders or members of the public who put their savings into good growth companies?> Well, who's in charge?? Greenspan, who else! He put an end to the bubble before it got worse, but he created it to begin with. Good Growth companies?? You mean like Yhoo and Amzn??? Or perhaps ETYS?? Oh, maybe CSCO at thrice the price?? LOL DAK

To: limtex who wrote (72603)	2/27/2001 6:22:12 PM
From: yard_man	Respond to of 436258

If you would be quiet and read up a little you would be benefitted a bit more, I think. The last few years have seen a dearth of real investment. What we have witnessed is folks willing to consume beyond their income because of a stock market bloated by a huge credit and money expansion ... only made possible for a long period of time by a set of fortuitous set of circumstances which aren't likely to occur again for years. The very narrow sectors (comm, pc, internet, etc) which did receive the high investment, naturally overdid things with money artificially easy -- thanks to the Fed Why can't you understand that things were far too loose and we are reaping that -- it's not that they are too tight now? Moving short term rates around didn't cause this ... look a little farther than the stuff fed you by the media.

To: limtex who wrote (72603)	2/27/2001 6:31:26 PM
From: robnhood	Respond to of 436258

<< Do you mean the economy was tremendously successful? >> Yeah,, thats what he means---- can't you tell? Get Lost...

To: limtex who wrote (72603)	2/27/2001 6:48:14 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

In the spirit of Earlie I'm afraid I will have to place you on ignore Good luck to you sir!

To: limtex who wrote (72603)	2/27/2001 6:52:20 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<And by the way if it was getting out of had, why was it allowed to get out of hand and who did it? >> You're getting closer to the central issue here. The point that almost NO ONE brings up in the popular media is that once the bubble was formed it could NOT be sustained past a certain point. Not Greenspan (aka "BubbleBoy"), not Bubba, not the Congress, not the banksters....NO ONE could do it. It really wouldn't have mattered if he hadn't cut rates...the problem was that debt had accelerated far too fast to be sustained by even the white hot business activity and GDP growth of of 1999-2000. It was made possible by a rapidly expanding money supply...and BubbleBoy had relinquished control over supply by allowing the banksters and the GSE's (via exploding and reckless mortgage lending, both commercial and residential) to run totally amok. Once the genie was out ot the bottle, it was preordained to come crashing down. If it hadn't been the Fed raising rates (which had minimal effect on money supply growth, see link), it would have happened via accelerating energy costs and shortages, derivative blow ups, or foreign currency crises (all of which occurred AFTER the Fed began raising rates). stls.frb.org That's what we've been saying...once the bubble is formed, its too late. History has shown this to be the case time and time again, the latest example being in Japan. The 20's were almost a carbon-copy for the current bubble: 1) Relax central bank policy on monetary growth 2) Allow another mechanism for credit creation outside of the establihed banking system (then it was margin and installment loan lending, now the GSE's and mortgages), 3) Introduce a "gee-whiz" technology for even the most unsophisticated investor to throw money at recklessly (then radio, autos and planes; now internet/networking/wireless) 4) Enable a reckless and unaccountable media to fan the flames of speculation (then print, now Bubblevision, err, CNBS) 5) Introduce a new and inexperienced class of speculator to be shorn by the wall street sheep-herders (then women, now day-traders and middle class 401K investors). The same elements were present in every investment mania since tulips were bid on in Holland, nothing is really new now. In other words, "History may not repeat itself, but it rhymes". If you doubt what I'm saying, a little literature review might be of use: amazon.com Regards Patron